Equity Bancshares, Inc. · NYSE:EQBK
Equity Bancshares — Investor Presentation (May 2022)
21 slides from Equity Bancshares's investor presentation, May 19, 2022
Slide 1: Investor Presentation May 19, 2022
Investor Presentation May 19, 2022 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of Equity’s
Slide 3: Our Value Proposition
Our Value Proposition 3 Market Diversification and Strategy for Growth Experienced and Invested Management Team Conservative Credit Culture and Effective Risk Management and Mitigation Robust Funding Capacity, Anchored by a Diverse, Low-Cost Deposit Base Focus on Efficient Performance Throughout our
Slide 4: Our Company
Our Company 4 Committed to our Entrepreneurial Spirit Equity Bancshares, Inc. NASDAQ: EQBK Start-Up: 2002 - 2007 Brad Elliott, current Chairman and CEO, founded Equity Bancshares, Inc. in 2002. Closed 5 branch or whole bank acquisitions Opened 2 branches in Missouri Growth: 2008 - 2016 Opened branch
Slide 5: Strong Senior Leadership Team
Strong Senior Leadership Team 5 Brad Elliott Chairman & CEO Years at Equity: 20 | Years in Banking: 33 Eric Newell Chief Financial Officer Years at Equity: 2 | Years in Banking: 20 Craig Anderson President Years at Equity: 4 | Years in Banking: 40 Greg Kossover Chief Operating Officer Years at Equit
Slide 6: Our Operating Footprint
Our Operating Footprint tral Kansas eglon_« Ronsae gion T0peka “Kansas city
Slide 7: Our Markets
Our Markets 7 Missouri 10 counties 16 branches Kansas 21 Counties 38 branches Source: S&P Market Intelligence. Equity Bancshares, Inc. operating market reported above includes all bank locations and counties in which Equity operates
Slide 8: Our Markets
Our Markets 8 Arkansas Benton | Boone | Carroll 5 branches Oklahoma Kay | Texas | Tulsa | Washita 10 branches Source: S&P Market Intelligence. Equity Bancshares, Inc. operating market reported above includes all bank locations and counties in which Equity operates
Slide 9: Proven record of M&A execution
Proven record of M&A execution 9 Pricing Multiples Transaction Impact
Slide 10: Our Opportunity
Our Opportunity 10 There are over 1000 bank offices with deposits less than $750MM in our market Key Potential New Markets Disciplined M&A Strategy We look to partner with companies with strong community markets focus, while expanding our presence in our current metro markets or adjacent markets of
Slide 11: Technology Investment
Technology Investment 11 Efficiencies Customer Experience Investment Focused on continued improvement of our customers digital experience Attempting to reduce friction associated with deposit online account opening and small business loan origination ‘Brilliant Bank’, an online only division of Equi
Slide 12: Robust Growth
Robust Growth 12 Gross Loans 7.4% CAGR Total Deposits 11.0% CAGR
Slide 13: Strong Core Deposit Franchise
Strong Core Deposit Franchise 13 Deposit Composition(1) Fully integrated digital banking platform with an adoption rate of 60.1% among core banking customers Continued emphasis on development of relationships to drive growth in non-interest bearing deposits. Cost of Deposits: 0.16%(1) Core Deposits(
Slide 14: Diversified Loan Portfolio
Diversified Loan Portfolio 14 Year-to-Date Loan Yield 4.44% 5.19% 5.73% 5.74% For financial statement reporting, management considers other factors in addition to purpose when assessing risk and identifying reporting classes. As such, the above is not intended to reconcile to the Company’s loan disc
Slide 15: Asset Quality Commentary
Asset Quality 15 Commentary Net charge-offs were $362 thousand for the quarter, or 5 bps of average loan assets annualized. Reserve ratio, exclusive of PPP assets, is 1.48% remaining well positioned for any losses which materialize from the current economic uncertainty surrounding inflation and re
Slide 16: Investment Portfolio Strategy
Investment Portfolio Strategy 16 We believe the structure in the portfolio outperforms peers through the cycle Portfolio average life is shorter than peer; effective duration equal to peer and hard final maturities of our bullet investments provide guaranteed cash flow Portfolio is nearly fully exte
Slide 17: Capital Management
Capital Management 17 Capital Management Strategy Capital Targets EQBK establishes capital targets based on the following objectives: Maintain designation as a “well capitalized” institution under fully phased-in Basel III regulatory definitions Ensure capital levels are commensurate with the Compan
Slide 18: Revenue Mix
Revenue Mix 18 2022 YTD Operating Revenue(1) Noninterest Income 18.9% 2022 YTD operating revenue is equal to $48.3M, defined as net interest income of $39.3M plus non-interest income excluding gain / (loss) on securities transaction of $9.0M. YTD operating revenue less PPP income is equal to $48.3M
Slide 19: Price Resilience
Price Resilience 19 Source: S&P Market Intelligence. As of 5/16/2022 3 Months 1 Year
Slide 20: Long Term Key Strategic Objectives
Long Term Key Strategic Objectives 20 Grow Tangible Book Value Maximize Risk Adjusted Return on Assets Offer best-in-class banking products and services Drive organic fee income generation Efficiently grow core earnings Effectively deploy capital through share repurchases, dividends and whole bank m
Slide 21: Equity Bancshares, Inc.
EQUITY BANCSHARES, INC. investor.equitybank.com